Scholars Inc

Charity Navigator Rating: Needs Improvement (66%)

Scholars Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating areas for improvement in its accountability and finance practices. While the organization scores well in certain areas, like having an independent board and no material diversion of assets, it lacks critical policies and documentation, which raises concerns about transparency and governance.

The organization demonstrates a strong commitment to its program expenses, achieving an impressive program expense ratio of 98.98%. However, the absence of essential policies such as conflict of interest, whistleblower, and document retention is notable, resulting in low scores in those categories. Additionally, the lack of a publicly available website listed on the tax form further hinders its accountability.

The salaries of key personnel are modest, with the Executive Director earning $27,008, while other leadership positions do not draw a salary. While Scholars Inc is effectively directing funds towards its programs, the significant gaps in policy and documentation could limit its overall effectiveness and public trust.

This AI summary has been generated from information found on Charity Navigator.

Scholars Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholars Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $27,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,160

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